Tellor 1-Day Trading Volume Tops $4.76 Million (TRB)

Tellor (TRB) traded 1.1% higher against the US dollar during the one day period ending at 17:00 PM ET on November 24th. Over the last seven days, Tellor has traded down 1.5% against the US dollar. One Tellor token can currently be purchased for approximately $11.40 or 0.00068679 BTC on popular cryptocurrency exchanges. Tellor has a market cap of $25.86 million and $4.76 million worth of Tellor was traded on exchanges in the last day.

Here is how other cryptocurrencies have performed over the last day:

  • KILT Protocol (KILT) traded 4.8% lower against the dollar and now trades at $0.40 or 0.00002395 BTC.
  • Aidi Finance (BSC) (AIDI) traded 6.3% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded up 2.5% against the dollar and now trades at $0.0456 or 0.00000275 BTC.
  • CareCoin (CARES) traded 2.5% higher against the dollar and now trades at $0.0566 or 0.00000341 BTC.
  • OmniaVerse (OMNIA) traded 4.2% higher against the dollar and now trades at $0.0012 or 0.00000007 BTC.
  • 2G Carbon Coin (2GCC) traded 1.3% higher against the dollar and now trades at $1,419.06 or 0.08568953 BTC.
  • Kitty Inu (KITTY) traded up 2.5% against the dollar and now trades at $80.16 or 0.00483549 BTC.
  • Lunar (LNR) traded up 2.9% against the dollar and now trades at $0.0601 or 0.00000363 BTC.
  • Hokkaidu Inu (HOKK) traded 13.5% lower against the dollar and now trades at $0.0004 or 0.00000002 BTC.
  • QANplatform (QANX) traded 2.5% higher against the dollar and now trades at $4,918.13 or 0.29667726 BTC.

About Tellor

Tellor was first traded on August 1st, 2019. Tellor’s total supply is 2,406,596 tokens and its circulating supply is 2,269,010 tokens. Tellor’s official Twitter account is @wearetellor and its Facebook page is accessible here. Tellor’s official message board is tellor.io/blog. The official website for Tellor is tellor.io. The Reddit community for Tellor is https://reddit.com/r/tellorofficial/ and the currency’s Github account can be viewed here.

According to CryptoCompare, “Tellor is an oracle system where miners compete to add data points to an on-chain data bank. Aiming to create a properly incentivized system, Tellor mints a native token, “Tributes” (TRB). Miners are incentivized to submit data using inflationary rewards, and which data types they update are chosen based upon the “tips” assigned to each query. Parties holding TRB can add a “tip” to a specific data type they want updated, then every 5 minutes the Tellor smart contract groups the top five most funded data types and creates a PoW challenge for miners to solve.The first five miners to provide the PoW solution and the five off-chain data points are rewarded with newly minted tokens + the accumulated tips for the specific data requests. In addition to the security provided by the PoW process, our main layer of security comes through a deposit of TRB that acts as a bond or stake requirement in order for miners to participate in the PoW. The miners risk losing this stake if they submit data that is successfully disputed by TRB holders.Tellor Tributes (TRB) are the native tokens of the Tellor. They are used to incentivize miners to provide data through base rewards and tips via user requests. They are used for governing valid data through disputes, and for system upgrades proposed and voted on by token holders.In the Tellor system, 50% of tips go to miners (⅕ to each selected miner) and 50% of the tips are burned each block. The total supply of Tellor is determined by usage and mining rates. For the maximum supply, Tellor’s supply will grow at the rate of the base reward * 288 queries per day.”

Tellor Token Trading

It is usually not presently possible to buy alternative cryptocurrencies such as Tellor directly using U.S. dollars. Investors seeking to acquire Tellor should first buy Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as GDAX, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Tellor using one of the exchanges listed above.

Receive News & Updates for Tellor Daily - Enter your email address below to receive a concise daily summary of the latest news and updates for Tellor and related cryptocurrencies with MarketBeat.com's FREE CryptoBeat newsletter.